Updated on September 16, 2016
UPDATE: Free iPhone 7 with trade in of your old iPhone 6 (iPhone 5 gets you $400 credit!)
Verizon Wireless is offering $300 trade-in for certain phones when you activate a new line or upgrade an existing line. Activation and upgrade fees are waived if you do it online (~$20 to $40). Offer is good through July 31, 2016. AND you can benefit from this even if you don't have a phone to trade in if you buy a used phone on eBay and trade it in.
Verizon often offers these trade ins right before new phones come out so perhaps the next iPhone is right around the corner?
The phones below qualify for a $300 trade-in value. You could sell your phone on your own through eBay. Some phones, like an iPhone 6 in very good condition and not stolen or icloud locked can sell for $400+. If it is in rough condition (but not cracked), taking the $300 trade in credit is a better option as. If you're going to buy a new phone from Verizon anyway, this is certainly much easier.
ELIGIBLE PHONES FOR $300 TRADE IN
- iPhone 6
- Galaxy Note5
- Galaxy S6
- Galaxy S6 edge/edge+
- HTC M9
- LG G4 (available for $185 on eBay)
- LG V10
MAKE A PROFIT?
You might be able to make a profit on the trade-in by buying one of the above phones on eBay then trading it in to Verizon. For example, the LG G4 is currently be purchased for $185 then traded-in for $300. BUT – be careful! If you want to try this with an iPhone, I've already checked and most of the iPhones are iCloud locked (possibly stolen) and most of the other phones are cracked which may not qualify for the full $300 trade in! Most of the other phones cost up to $300 or more so no profit potential there.
YOUR NEW PHONE MUST BE ONE OF THESE
- iPhone 6S
- iPhone 6S Plus
- HTC 10
- LG G5
- Samsung Galaxy S7
- S7 edge
- Note 5
- Droid Turbo 2
- Maxx 2
“Trade-in must be in good, working and cosmetic condition”. Cracked screens will be accepted only if you are buying a Turbo 2 or Maxx 2 phone. It's not clear that if they will give $300 credit for the cracked screens since the fine print says “trade in value of $1 or more”. I have traded in an iPhone in the past and they require you to remove the “find my iPhone” lock so that means they probably won't accept that cheap iPhone from eBay that's iCloud locked.
Are you going to trade your phone in now? Or wait until the new iPhone 7 comes out?
- CNET: Verizon brings back limited offer to pay $300 for your old phone
- Verizon’s national trade-in event is back
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